Netherlands

Economic Relations

Monday، 09 November 2015 12:00 AM

AAA

Egypt and the Netherlands have distinguished economic and trade relations, where the two sides seek promoting it within the upcoming years. The trade volume mounts annually to about one billion Euros. The most important Egyptian exports to the Netherlands are vegetables, fruit, grains, petroleum and its products, yarn, carpets, ready-made clothes, iron and its products. On the other hand, the most important Dutch exports to Egypt are meat, fish and dairy, chemical and petrochemical products, oil, fertilizers, electrical and medical appliances. The Partnership Agreement between Egypt and the European Union concluded in 2004 contributed to promoting growth of bilateral trade relations.

The Netherlands considers Egypt as a promising market characterized by the presence of an internal major market on the one hand and a distinct role in the region on the other. The Netherlands is aware of the good investment opportunities in Egypt, particularly in the sectors of transportation, telecommunications, infrastructure, water, and agriculture. The Netherlands ranks sixth on the world list of countries investing in Egypt, where the Dutch investments in Egypt in 2008 valued about 6.5 billion Egyptian pounds, directed to the sectors of industry, agriculture, finance, services, constructions, tourism, communications and information.

On the other hand, the Netherlands' assistance to Egypt mounts to about 75 million euros annually. The Dutch Development Cooperation Programme with Egypt aims at helping achieve sustainable economic and social development. It is devoted to the implementation of projects in the areas of poverty alleviation, environmental protection, health improvement, creating equal opportunities for women, water resources management, human rights improvement and establishing democracy.

Egypt and the Netherlands are bound by distinct relations in the field of irrigation and water resources, where the Dutch/Egyptian Council for Water celebrated 30 years of its foundation in 2006, and is convened annually and regularly between the two countries.

Contractual Framework

Agreement

Date of signature

Came into force

Agreement on the Privileges and Immunities of the nationals and commercial vessels

16/11/1886

16/11/1886

Agreement on Air Transport

8/12/1949

20/9/1950

Agreement on Tax exemption for Air Transport Projects

15/5/1957

1/1/1956

Cultural Cooperation Agreement

8/12/1960

8/8/1962

Economic and Technical Cooperation Agreement

10/5/1975

1/1/1978

Agreement on Technical Cooperation

30/10/1976

14/6/1977

Agreement on Establishing a Dutch Institute of Archaeology in Egypt

25/5/1983

13/12/1983

Executive Program of the Draft Horticultural Guidance Project

31/12/1984

31/12/1984

Agreement on Securing the Suez Energy Project

12/3/1987

5/7/1987

Executive Program of the Cultural Cooperation Agreement for the years 1996 / 1999

26/10/1995

26/10/1995

Agreement on the Promotion and Protection of Investment

17/1/1996

20/1/1998

Memorandum of Understanding on Scientific and Educational Cooperation in Egypt and the Netherlands

12/1/1998

21/1/1998

Agreement on the Avoidance of Double Taxation

21/4/1999

20/5/20

Memorandum of Understanding on the Dutch Cooperation Program for the Promising Markets 1999 2000

21/4/1999

12/7/1999

Memorandum of Understanding on the Dutch Cooperation Program for the Promising Markets 2003